SIGNED Declaration of Brent Coulter, 08 25 2020, 1696-01

Total Page:16

File Type:pdf, Size:1020Kb

SIGNED Declaration of Brent Coulter, 08 25 2020, 1696-01 Case 3:20-cv-05910-LB Document 17-3 Filed 08/28/20 Page 1 of 4 1 MICHAEL W. BIEN – Cal. Bar No. 096891 VAN SWEARINGEN – Cal. Bar No. 259809 2 ALEXANDER GOURSE – Cal. Bar No. 321631 AMY XU – Cal. Bar No. 330707 3 ROSEN BIEN GALVAN & GRUNFELD LLP 101 Mission Street, Sixth Floor 4 San Francisco, California 94105-1738 Telephone: (415) 433-6830 5 Facsimile: (415) 433-7104 Email: [email protected] 6 [email protected] [email protected] 7 [email protected] 8 KELIANG (CLAY) ZHU – Cal. Bar No. 305509 DEHENG LAW OFFICES PC 9 7901 Stoneridge Drive #208 Pleasanton, California 94588 10 Telephone: (925) 399-5856 Facsimile: (925) 397-1976 11 Email: [email protected] 12 ANGUS F. NI – Wash. Bar No. 53828* AFN LAW PLLC 13 502 Second Avenue, Suite 1400 Seattle, Washington 98104 14 Telephone: (773) 543-3223 Email: [email protected] 15 * Pro Hac Vice application forthcoming 16 Attorneys for Plaintiffs 17 18 UNITED STATES DISTRICT COURT 19 NORTHERN DISTRICT OF CALIFORNIA, SAN FRANCISCO DIVISION 20 U.S. WECHAT USERS ALLIANCE, Case No. 3:20-cv-05910-LB CHIHUO INC., BRENT COULTER, 21 FANGYI DUAN, JINNENG BAO, DECLARATION OF BRENT ELAINE PENG, and XIAO ZHANG, COULTER IN SUPPORT OF 22 PLAINTIFFS’ MOTION FOR Plaintiffs, PRELIMINARY INJUNCTION 23 v. Judge: Hon. Laurel Beeler 24 DONALD J. TRUMP, in his official Date: September 17, 2020 capacity as President of the United States, Time: 9:30 a.m. 25 and WILBUR ROSS, in his official Crtrm.: Remote capacity as Secretary of Commerce, 26 Defendants. Trial Date: None Set 27 28 Case No. 3:20-cv-05910-LB [3602193.2] DECLARATION OF BRENT COULTER Case 3:20-cv-05910-LB Document 17-3 Filed 08/28/20 Page 2 of 4 1 I, Brent Coulter, declare: 2 1. I am a plaintiff in the above-entitled action (the “Action”). I have personal 3 knowledge of the matters set forth herein, and if called as a witness, I could and would 4 competently so testify. 5 2. I am a United States citizen living in San Francisco, California. 6 3. I recently graduated from the University of California, Hastings College of 7 the Law with a Juris Doctor, and am now preparing for the California bar exam. 8 4. WeChat plays a central role in my life and it provides me the means to 9 communicate with my friends and family both in the U.S. and abroad. I have 10 approximately 1,617 contacts on WeChat right now. 11 5. I previously lived in China for approximately five years (2012-2017), where 12 I studied at Sichuan University in Chengdu, China and worked in marketing and policy. 13 6. While in China, I used WeChat as my main method of communication to 14 connect with my friends and professional contacts, because WeChat was and is the most 15 widely-used app in China. WeChat’s convenience and popularity gave my family members in 16 the U.S. a way to communicate with me from afar, in a multitude of ways (such as sharing 17 photos and comments) not provided by services such as Skype. Additionally, WeChat is not 18 only a social media platform and messaging application, but it also serves as necessary tool for 19 travel in China and allows consumers to purchase plane tickets and arrange ride shares like 20 Uber. 21 7. WeChat’s international platform remains vital in my everyday life because I 22 continue to use WeChat in the United States. WeChat is the only option I have to 23 communicate with everyone I met in China, from expats to close friends. I read my friends’ 24 posts on WeChat Moments, learn about the world through their eyes, and they do the same 25 with me. Without WeChat, we will no longer be able to share our worlds with each other. 26 8. WeChat has helped me further U.S. interests in China. While in law school, I 27 established the Asian Law & Business Association (ALBA) with my peers. Through ALBA, 28 my colleagues and I worked together with Chinese representatives from the American 1 Case No. 3:20-cv-05910-LB [3602193.2] DECLARATION OF BRENT COULTER Case 3:20-cv-05910-LB Document 17-3 Filed 08/28/20 Page 3 of 4 1 Chamber of Commerce to contribute chapters to its annual white paper on U.S. Business in 2 China. Without WeChat, this collaborative contribution would have never been possible. 3 9. I rely on WeChat to build upon my professional career straddling the U.S. and 4 China. I use WeChat to make new friendships and share my life others around the globe. 5 Banning it would effectively erase much of the hard work I and many other international 6 consumers put into learning about China. I greatly fear that I will lose the network that I have 7 built on WeChat if the WeChat ban becomes effective. 8 10. Shortly after hearing news of the ban, I was beyond disturbed by the 9 implications that it will have on the life. After years immersed in China tediously studying 10 Mandarin, putting time and effort into building relationships, and taking the risks it required to 11 achieve my bold dreams of building an international professional career, the WeChat ban 12 threatens to undermine all of this because it is my lifeline to China. The ban feels extremely 13 personal. Not only will the ban prevent me from sharing updates of my life with people, I get 14 emotional knowing that I could lose touch with beloved friends and the families who so 15 generously invited me into their homes. I firmly believe that trusting relationships serve as a 16 foundation for a constructive future with China. Without them, I am extremely worried about 17 the fate of my career and the fate of the people of our two nations. Any future travel to China 18 would be a logistical nightmare, from difficulty navigating, to organizing meetings and 19 networking. WeChat is simply that central to my interaction with China and its people. 20 11. I have anxiously scrambled to take action before the ban goes into effect. 21 Combing through my list of more than 1,600 friends to pick which people who are most 22 important has been stressful, depressing, and time consuming. I have had to message 23 friends and professionals for alternative contact information and had to post on my 24 WeChat Moments to let others know I may lose contact with them. For some contacts, 25 saving their Chinese phone number allows me to communicate with them via iMessage or 26 FaceTime, but that only works if both of us have an iPhone. In order to call or text those 27 who do not have an iPhone, I have to pay international calling or texting fees or contact 28 them via email, which is unreliable for communicating in China. I have yet to identify 2 Case No. 3:20-cv-05910-LB [3602193.2] DECLARATION OF BRENT COULTER Case 3:20-cv-05910-LB Document 17-3 Filed 08/28/20 Page 4 of 4 1 another app that can replace WeChat. 2 12. Moreover, I will lose all of the tags or notes I have created for nearly all of 3 my contacts that allow me to efficiently group contacts, recall important details about 4 them, and share posts exclusively to each tag group. For example, I have added the tag 5 “Sichuan University” to my classmates which allows me to easily find them or share a post 6 exclusively for them to see and I have added notes such as “Lawyer met in Chengdu at 7 AGM” to specifically recall who a contact is and where we met. So, not only do I have the 8 difficult burden of finding alternative means to stay in touch, I now have to tediously 9 account for every important tag and note that I have created for each contact. 10 11 I declare under penalty of perjury under the laws of the United States of America 12 that the foregoing is true and correct, and that this declaration is executed at San Francisco, 13 California this ___25 day of August, 2020. 14 15 Brent Coulter 16 17 18 19 20 21 22 23 24 25 26 27 28 3 Case No. 3:20-cv-05910-LB [3602193.2] DECLARATION OF BRENT COULTER .
Recommended publications
  • ALLE HSU [email protected]
    ALLE HSU [email protected] |1(949) 307-9239 (mobile) skype / wechat / instagram / twitter / tumblr: allehsu PROFILE Highly collaborative award-winning filmmaker with global production experience having produced films and projects in Singapore, Mexico, Prague, Hong Kong, Mainland China, Philippines, New York, NY, Utah, and LA/OC, CA. Excellent written and analytical skills. Strong ability to organize and motivate others in various kinds of projects. SELECTED PRODUCTION EXPERIENCE – FILMS Director/Producer Our Way Home 归程– Passion Project. James and Barbara are Chinese American siblings on their way home for the Thanksgiving holidays. They encounter racism in a diner on their way home, and are followed thereafter, thinking that it’s someone from the diner. Little do they know, it’s someone they know. 12m. Alexa Mini. Long Island, NY, 2017. Director/Producer POP! – NYU Tisch Thesis Film. Jennifer is a Chinese American woman in her mid-30s and is suffering from adult acne. She is still living at home with her Tiger-Mom mother, Pearl who coerces Jennifer into attending her Chinese New Year Banquet. 25m. Alexa Classic. Orange County, CA, 2016. In Post-Production. Director/Co-Writer/Producer/Editor Sophie – NYU Tisch Film. Sophie is abandoned by her mother and forced to come to terms with her new life and her grandmother in this poignant tale of a crucial moment in a young girls’s life. Official Selection / In Competition – Austin, Foyle, Bahamas, Fusion, Cleveland, Sarasota, LA Asian Pacific, Newport Beach. Next Director Award Shortlist. Awarded the NYU Tisch Asia Post-Production Award, Craft Awards in Acting and Cinematography.
    [Show full text]
  • Tencent and China Mobile's Dilemma
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by AIS Electronic Library (AISeL) Association for Information Systems AIS Electronic Library (AISeL) Pacific Asia Conference on Information Systems PACIS 2014 Proceedings (PACIS) 2014 FROM WECHAT TO WE FIGHT: TENCENT AND CHINA MOBILE’S DILEMMA Jun Wu School of Economics and Management, Beijing University of Posts and Telecommunications, [email protected] Qingqing Wan School of Economics and Management, Beijing University of Posts and Telecommunications, [email protected] Follow this and additional works at: http://aisel.aisnet.org/pacis2014 Recommended Citation Wu, Jun and Wan, Qingqing, "FROM WECHAT TO WE FIGHT: TENCENT AND CHINA MOBILE’S DILEMMA" (2014). PACIS 2014 Proceedings. 265. http://aisel.aisnet.org/pacis2014/265 This material is brought to you by the Pacific Asia Conference on Information Systems (PACIS) at AIS Electronic Library (AISeL). It has been accepted for inclusion in PACIS 2014 Proceedings by an authorized administrator of AIS Electronic Library (AISeL). For more information, please contact [email protected]. FROM WECHAT TO WE FIGHT: TENCENT AND CHINA MOBILE’S DILEMMA Jun Wu, School of Economics and Management, Beijing University of Posts and Telecommunications, Beijing, China, [email protected] Qingqing Wan, School of Economics and Management, Beijing University of Posts and Telecommunications, Beijing, China, [email protected] Abstract With the coming of mobile internet era, Giants in the different industry begin to compete face by face. This teaching case presents the event of charging for WeChat in China context to delineate the new challenges that Online Service Provider and Mobile Network Operator will face.
    [Show full text]
  • Digital Filtering in Saudi Arabia
    Opening Digital Borders Cautiously yet Decisively: Digital Filtering in Saudi Arabia Fatemah Alharbi Michalis Faloutsos Taibah University, Yanbu University of California, Riverside Nael Abu-Ghazaleh University of California, Riverside Abstract (a) traditional Internet filtering on websites; and (b) access to mobile applications. The study spans the period from March Our study makes a rare positive observation: Saudi Arabia 2018 to April 2020, with three separate measurements, one in has been opening its digital borders since 2017 in a delib- each calendar year. Our goal is to answer the three questions: erate new era towards openness. In this paper, we present a (a) “what content is filtered?", (b) “how is filtering imple- comprehensive longitudinal study of digital filtering, which mented?", and (c) “how does filtering evolve over time in we define to include both mobile apps and website access, response to geopolitical conditions?" in Saudi Arabia over a period of three years. Our results show that Saudi Arabia has indeed made significant progress We pursue a mutli-pronged strategy as follows. towards opening its digital borders: (a) the use of mobile 1. Quantification: What is filtered? We provide a fairly ex- applications has been significantly permitted; and (2) web ac- tensive study on the accessibility of both mobile apps and cess is becoming more open. We use: (a) 18 social media and websites from within Saudi Arabia and its evolution over communications mobile apps such as WhatsApp, Facetime, time. Our results show significant progress towards the open- and Skype; and (b) Alexa’s top 500 websites in 18 different ing of the country’s digital borders.
    [Show full text]
  • Wechat About China's Tencent
    We Build Connections QQ Weixin For Enterprises: For Users: For Tencent: • Access to vast user base • Always connected • Deepen user stickiness via broadened • Unified user log-in enables CRM and • Enjoy a wide range of integrated social product offerings targeted advertising entertainment and content offerings, built • Increase traffic conversion through • Online payment facilitates transactions upon IPs and tech innovations transactions and advertising • Integrate capabilities across different • Access to rich mix of services and • Tap into new opportunities as the products to facilitate digital upgrades, e.g., transact at fingertips economy digitizes Weixin, WeChat Work, Tencent Meeting WeChat about 2 China’s Tencent Chris Wheldon, co-Portfolio Manager of the Magellan High Conviction strategy, and Ryan Joyce, co-Head of Magellan’s Technology team, explain why Tencent is a high-quality business, why the strategy invested in the company recently, what risks the investment poses and why Tencent performed well during the pandemic’s Chris Wheldon Ryan Joyce initial stages. Tencent is one of the High Conviction Q1. strategy’s top five positions. Can you please tell us about the company? A: Tencent was founded in 1998 as a Chinese instant-messaging service and web portal named QQ and subsequently built itself into a PC-based social network similar to today’s Facebook. In 2011, Tencent launched the WeChat mobile app, now China’s leading social “WeChat’s 1.2 network and communications platform and core to the company’s billion users average success. WeChat’s 1.2 billion users average nearly 100 minutes per day, every day, on the app.
    [Show full text]
  • Wechat-Mediated Simulation and the Learning of Business Chinese
    Wang, X and Wu, X 2020 WeChat-Mediated Simulation and the Learning of Business Chinese. Modern Languages Open, 2020(1): 42 pp. 1–13. DOI: https://doi.org/10.3828/mlo.v0i0.300 ARTICLE – DIGITAL MODERN LANGUAGES WeChat-Mediated Simulation and the Learning of Business Chinese Xuan Wang1 and Xiaoli Wu2 1 Cardiff University, GB 2 KU Leuven, BE Corresponding author: Xiaoli Wu ([email protected]) The purpose of this tutorial is to demonstrate social media engagement in higher- level language classrooms, using WeChat (a China-based free application with functions similar to WhatsApp or Messenger) as the digital medium. Originally designed for users in the Chinese market, WeChat is also available in English and increasingly used beyond China for both social and business communication, there- fore its use as demonstrated in this tutorial may also be applicable to the learning of other languages, or to inspire the use of similar digital tools in language learn- ing and teaching. This tutorial illustrates specifically how WeChat can facilitate the learning of language and culture for business in a Chinese context. It explores several modes of communication offered by WeChat, including one-to-one or group instant text messaging, voice messaging, voice or video call, document sharing, and online publication. These various functions are utilised in different stages of a business simulation game, and set up as pre-planned learning tasks. The tasks consist of specific, progressive activities and goals, such as drafting and pitch- ing a business plan, business consultation, market research and digital marketing. Accordingly, specific learning processes are generated: enabling the simulation of digital business communication (focusing on China in this case) through gamifica- tion; in doing so, it extends learning in the conventional classroom (‘here’ offline in Europe) and blends it with that in real-life interactions and business practices (‘there’ online in China).
    [Show full text]
  • An Examination of Wechat: Predictors of News Use on a Closed Messaging Platform
    AN EXAMINATION OF WECHAT: PREDICTORS OF NEWS USE ON A CLOSED MESSAGING PLATFORM By Zhao Peng A THESIS Submitted to Michigan State University in partial fulfillment of the requirements for the degree of Journalism—Master of Arts 2017 ABSTRACT AN EXAMINATION OF WECHAT: PREDICTORS OF NEWS USE ON A CLOSED MESSAGING PLATFORM By Zhao Peng News use on social media channels enables users to actively select and read news based on their interest and needs. The present research studied news use behaviors on the closed-messag- ing platform WeChat. Concepts from the Unified Theory of Acceptance and Usage Model and Task-Tech Theory were used to test what perceptional and technological factors influence users’ WeChat news behaviors. Results showed that the perceived fitness between task and technology, effort expectancy, facilitating and social influence significantly related to Chinese students’ WeChat news use while performance expectancy did not predict news use behavior. Copyright by ZHAO PENG 2017 ACKNOWLEDGEMENTS I would like to express my appreciation to my entire thesis committee for the inspiring guidance, mentoring, and support throughout the completion of my thesis. Because of each of you, I can reach further than I ever expected. Professor Carpenter, I would like to particularly thank you for having been a wonderful mentor to me. I believe there is destined connection between you and me. When I was still in China, I was deeply impressed by your personality, expectation of students, and your favorite motto in your biography. When I attended your first class, you told us that the Quantitative Method course would make us cry.
    [Show full text]
  • The Use of Wechat Application on CFL Learners' Vocabulary Acquisition
    TESOL International Journal 26 The Use of WeChat Application on CFL Learners’ Vocabulary Acquisition Pamintuan, Cavin F. Mallari, Donnabelle G. Garcia, Nicole T. Galang, Jeniezen P. Buduan, Reggie Mark B. Angeles University Foundation Abstract This quasi-experimental research explored Chinese as a Foreign Language (CFL) learners’ use of a popular social networking application in China, WeChat, in acquiring vocabulary. The research questions answered in this study are: (1) How may the CFL learners’ vocabulary performance be described in terms of: (a) pretest scores and (b) posttest scores; (2) Is there a significant difference between the performance in pretest and posttest of the control group and experimental group?; (3) What are the implications of the results of this study in teaching? Participants joined the ten-day treatment wherein they used the three features of WeChat: WeChat Messaging, Official Accounts, and Mini Programs. The participants’ performance before and after the treatment were identified using pretest and posttest. In addition, observation checklists were utilized to determine the change in behavior in acquiring vocabulary of the CFL learners. Results suggested that WeChat could improve students’ vocabulary acquisition in foreign language. Suggestions for improvements in future WeChat treatment were also discussed. Introduction One of the skills that a 21st century learner should master to be successful in school and in life is digital literacy (Jenkins, Purushotma, Weigel, Clinton, & Robison, 2009). As defined by Visser (2012), digital literacy is the ability to use, evaluate, create devices and share digital contents. In the age of computers and electronics, access of technological devices has been increasing; and according to Hsu (2013), the use of these technological devices in teaching, specifically in language teaching, provides new learning experience to the learners; it makes teaching and learning more contextualized and effective.
    [Show full text]
  • Social Messaging Customers Want to Communicate with Your Business Like They Do with Their Friends—Effortlessly
    Social Messaging Customers want to communicate with your business like they do with their friends—effortlessly. Using popular messaging apps like WhatsApp, WeChat or Facebook Messenger, Zendesk enables your team to have natural and personalized conversations with customers, all through one unified workspace. Respond right away Be available Get it together Auto-responders let you reply to Create custom buttons for your A dedicated notification panel customers immediately with tailored website or mobile app to let them streamlines incoming conversations messages, so customers aren’t left know they can message you from the social messaging apps so waiting if agents are offline or busy whenever, wherever. agents can view everything from with other tasks. the a unified agent workspace in real-time. “Our customers were trying to reach us via WhatsApp and Zendesk allowed us to reduce our WhatsApp response times from a full day to minutes. Before Zendesk, we had three to four phones with WhatsApp numbers in our agents’ hands, trying to keep up. It wasn’t scalable, and we couldn’t measure it. We’re now able to see and manage WhatsApp messages alongside all of our other customer requests and deliver better service to our customers in their preferred communication channel. Zendesk’s WhatsApp integration is key to our continued global expansion.” Gib Lopez, Co-founder and COO Build meaningful Make it easy for your An effortless addition relationships agents Connect quickly and easily, Connect with customers on their Manage interactions across enabling your teams to up their preferred messaging apps. channels using a single, agent productivity using their existing workspace.
    [Show full text]
  • NSMS: Social Media Pilot Summary
    NSMS: Social Media Pilot Summary PROJECT DESCRIPTION Social networking platforms are many – they include Facebook, LinkedIn, WhatsApp, WeChat, Telegram, and others. In August 2017, the NSMS Settlement Program started pilot projects with WeChat and Telegram to assess the ability to reach Chinese, Persian, and young adult immigrants. The objectives were to identify general set up needs, parameters for use, and how to best maintain these social media outlets. SET UP CONSIDERATIONS Hardware/software: Both WeChat and Telegram required the use of a smartphone to set up initial NSMS account. WeChat can generally be used on either a smartphone or iPad; we used an iPad. Telegram was accessed on a desktop computer or smartphone, but can also be used on an iPad. Definitions: WeChat group chat – can be public or private; it does allow for commenting and posting from any member within the group. Any of the group members can add others, but only the group creator/administrator can remove members. Telegram group – can be public or private; these also allow for communication among members by comments/posts. Groups are ideal for sharing within a discrete set of people; administrators can be set up to restrict the addition of members. Telegram channel – these are generally public. A channel simply broadcasts a public message and does not allow for comments/posts. Public channels allow anyone in Telegram to search and join, while private channels are closed and members must be added by the creator or given a link to join. Staff: Chinese Settlement Worker recruited and managed a WeChat group chat Persian Settlement Worker recruited and managed both a Telegram group for the Senior Sparks program and Telegram channel for Farsi speakers Get Connected Program Coordinator recruited and managed a Telegram channel for young adult immigrants Communications Coordinator provided flyers for posting to social media and tracked progress of the pilot SUCCESSES PROBLEMS WeChat WeChat Identifying a few power members can Initial recruitment was slow from rapidly increase recruitment.
    [Show full text]
  • Humanitarian Futures for Messaging Apps
    HUMANITARIAN FUTURES FOR MESSAGING APPS UNDERSTANDING THE OPPORTUNITIES AND RISKS FOR HUMANITARIAN ACTION Syrian refugees, landed on Lesbos in Greece, looking for a mobile signal to check their location and notify relatives that they arrived safely. International Committee of the Red Cross 19, avenue de la Paix 1202 Geneva, Switzerland T +41 22 734 60 01 F +41 22 733 20 57 E-mail: [email protected] www.icrc.org January 2017 Front cover: I. Prickett/UNHCR HUMANITARIAN FUTURES FOR MESSAGING APPS UNDERSTANDING THE OPPORTUNITIES AND RISKS FOR HUMANITARIAN ACTION This report, commissioned by the International Committee of the Red Cross (ICRC), is the product of a collaboration between the ICRC, The Engine Room and Block Party. The content of this report does not reflect the official opinion of the ICRC. Responsibility for the information and views expressed in the report lies entirely with The Engine Room and Block Party. Commissioning Editors: Jacobo Quintanilla and Philippe Stoll (ICRC). Lead Researcher: Tom Walker (The Engine Room). Content: Eytan Oren (Block Party), Zara Rahman (The Engine Room), Nisha Thompson, and Carly Nyst. Editors: Michael Wells and John Borland. Project Manager: Waiyee Leong (ICRC). The ICRC, The Engine Room and Block Party request due acknowledgement and quotes from this publication to be referenced as: ICRC, The Engine Room and Block Party, Humanitarian Futures for Messaging Apps, January 2017. This report is available at www.icrc.org, https://theengineroom.org and http://weareblockparty.com. This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit: http://creativecommons.org/licenses/by-sa/4.0/.
    [Show full text]
  • For Immediate Release
    For Immediate Release TENCENT ANNOUNCES 2021 FIRST QUARTER RESULTS Hong Kong, May 20, 2021 – Tencent Holdings Limited (“Tencent” or the “Company”, 00700.HK), a leading provider of Internet value added services in China, today announced the unaudited consolidated results for the first quarter (“1Q2021”) ended March 31, 2021. 1Q2021 Key Highlights Revenues: +25% YoY, non-IFRS1 profit attributable to equity holders of the Company: +22% YoY ▪ Total revenues were RMB135.3 billion (USD20.6 billion2), an increase of 25% over the first quarter of 2020 (“YoY”). ▪ On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items: - Operating profit was RMB42.8 billion (USD6.5 billion), an increase of 20% YoY. Operating margin decreased to 32% from 33% last year. - Profit for the period was RMB34.5 billion (USD5.3 billion), an increase of 23% YoY. Net margin remained stable at 26%. - Profit attributable to equity holders of the Company for the quarter was RMB33.1 billion (USD5.0 billion), an increase of 22% YoY. - Basic earnings per share were RMB3.481. Diluted earnings per share were RMB3.415. ▪ On an IFRS basis: - Operating profit was RMB56.3 billion (USD8.6 billion), an increase of 51% YoY. Operating margin increased to 42% from 34% last year. - Profit for the period was RMB49.0 billion (USD7.5 billion), an increase of 67% YoY. Net margin increased to 36% from 27% last year. - Profit attributable to equity holders of the Company for the quarter was RMB47.8 billion (USD7.3 billion), an increase of 65% YoY.
    [Show full text]
  • Baidu, Alibaba and Tencent BRIE Working Paper
    BERKELEY ROUNDTABLE ON THE INTERNATIONAL ECONOMY BRIE Working Paper 2018-2 The Application of Artificial Intelligence at Chinese Digital Platform Giants: Baidu, Alibaba and Tencent Kai Jia, Martin Kenney, Juri Mattila, and Timo Seppälä Acknowledgements: This research was funded in part by the Ewing Marion Kauffman Foundation. The contents of this publication are solely the responsibility of the authors. The Application of Artificial Intelligence at Chinese Digital Platform Giants: Baidu, Alibaba and Tencent November 2018 Kai Jia Assistant Professor University of Electronic Science and Technology Chengdu, China ([email protected]) Martin Kenney Distinguished Professor Community and Regional Development University of California, Davis ([email protected]) And Research Director Berkeley Roundtable on the International Economy Juri Mattila Researcher The Research Institute of the Finnish Economy (ETLA) ([email protected]) Timo Seppälä Researcher The Research Institute of the Finnish Economy (ETLA) And Aalto University ([email protected]) * Also published as an ETLA – Research Institute of the Finnish Economy Brief Introduction In 2016, the Chinese government identified artificial intelligence (AI) as one of the key priority areas in implementing a new government strategy. Since then, some nascent AI innovation hubs have emerged in Beijing (around Beijing-based Baidu)1, Shanghai (around Hangzhou-based Alibaba), and Shenzhen (around Shenzhen-based Tencent) (He, 2017)2. Many consider these three to have joined the leading hubs of AI development in the world today. All in all, China has started to develop significant research and technological capabilities in AI to catch up with the far more mature Western countries, those which has long histories of investing in computer science (Barton, Woetzel, Seong & Tian, 2017; Lee & Triolo, 2017).
    [Show full text]